U.S. oil service group seeks $100 million from Mexico in arbitration claim
- 3 years ago
A U.S. oil service group introduced a $100 million claim before a World Bank arbitration court alleging Mexico violated investor protections under the NAFTA trade pact by failing to honor agreements, lawyers for the firms and court documents showed.
The World Bank's International Centre for Settlement of Investment Disputes (ICSID) on May 12 registered a case by a group led by Finley Resources Inc, a Texas oil and gas company that won two oil tenders and negotiated a third drilling service contract with Mexico's state-run firm Pemex.
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